Physical Therapy Accounting

Physical Therapy is one of the most rewarding fields, especially for people who enjoy improving other people’s quality of life. As a physical therapist, you get to help people in pain recover from injury, heal, gain strength, and manage or eliminate pain. However, this is quite a physically and mentally taxing job, and therefore, after spending all day working with patients, you certainly do not want to spend the rest of your time worrying about bookkeeping, accounting, and other financial aspects of your physical therapy practice. The good news is that you can simply hire a professional healthcare accounting services provider to help you handle your practice’s accounting needs as you focus on helping your patients get better.

If you are looking for a reliable healthcare accounting firm to help you solve bookkeeping and accounting challenges in your physical therapy practice, Cooper Norman is an excellent choice. We partner with physical therapists to help them keep their financial records and books of accounts up-to-date.

Our Services

As mentioned above, our job is to help physical therapists and other professionals in the healthcare sector solve accounting and other financial challenges that affect their practices. Some of the services we are known for include:

  • Payroll management services
  • Cashflow and budget analysis
  • Tax planning and compliance services
  • Business valuation services
  • Accounting services
  • Financial reporting

We also offer business advisory services, and we can guide you when it comes to mergers and acquisitions. Therefore, by hiring us, you will have a team of experts handling technical financial and accounting issues as you focus on helping your patients feel better.

How You Can Benefit by Hiring a Professional Physical Therapy Accounting Service

Accounting is quite a complex and exhausting job. If you decide to do it yourself, you will not have enough strength and time to do your job as a physical therapist. Here are some of the reasons physical therapists need to hire professional accounting services.

More Accurate Financial Reporting

What is the actual monetary value of your physical therapy practice? What is the trajectory of its growth? How is its financial health? Answering these questions can help you come up with a solid business plan to accommodate future growth and make sound financial decisions to secure the future of your practice. However, without the right bookkeeping and accounting skills and software, it will be hard or even impossible for you to process accurate financial reports, meaning that you will be running your practice without adequate knowledge of its financial standing. On the other hand, by hiring a professional accounting service, you will always have accurate and up-to-date financial reports, which will help you to make objective business decisions.

Ensure Tax Compliance

Like any other business, your physical therapy practice has some tax obligations. You have to pay quarterly taxes reflecting your practice’s net income bracket. To avoid trouble with the IRS, you will need to know what your tax obligations are and ensure that you comply. To this end, it is imperative for you to work with a professional physical therapy accounting service. These professionals are up-to-date with the prevailing tax laws, and working with them will ensure you don’t get in trouble.

Focus on What You Love Doing

Accounting, even for a small physical therapy office, can be time-consuming. Therefore, it is not something you want to do after spending your whole day working with patients. The good news is that this is not something you have to do on your own. You can instead hire a professional healthcare accounting service to do it for you. Working with professionals will afford you the time and space you need to look after your patients and pursue other more important things in your life.

Why Us?

Of course, there are many healthcare accounting service providers around. However, Cooper Norman stands out for a number of reasons. Some of the reasons we are the best at what we do include:

Experience and Expertise

Cooper Norman has been in the accounting business for more than 65 years. Over the years, we have served dozens of clients in the healthcare sector, and our experience is unparalleled. Our reputations have enabled us to attract a team of highly trained and experienced CPAs whose expertise is above board. Therefore, whatever accounting and financial challenges your physical therapy practice might be facing, you can count on our experience and expertise to provide the most appropriate solutions.

Quality Customer Service

At Cooper Norman, we have a lot of respect for our clients. Therefore, we have invested a lot in our customer service to ensure that any customer concerns or queries are addressed in the swiftest way possible. We are always willing to listen to our clients, understand what they need, and customize our services to meet their needs. In a nutshell, we do our best to ensure quality at all levels of service delivery. Therefore, by hiring us, you can rest assured that we will meet or even exceed your expectations.

The Bottom Line

Overall, it is apparent that if you run a physical therapy practice, it is imperative for you to work with professional accountants specializing in physical therapy accounting. This will ensure that you have all the time you need to serve your patients without worrying about financial issues like payroll management, tax obligations, and financial reporting, among others. If you are looking for a dependable accounting firm specializing in physical therapy accounting, Cooper Norman is the answer. We have many years of experience in the industry, and our track record is above board. Feel free to contact Copper Norman today for more information about our accounting firm and physical therapy accounting services.